Deferred compensation limits

Yearly limits for deferred compensation. Deferred compensation: voluntary contributions to a savings plan designed for retirement income; usually exempt from FIT and SIT, depending upon state regulations; includes Internal Revenue Codes 401(k), 403(b), 408(k)(6), 457(b), 501(c) and SIMPLE IRA.

Employee Limits

2019

*2019*

Deferred Compensation Chart

Type

Exempt From ****

Limit <50 Years

Limit >50 Years

W-2 Box Code

401(k)

FIT & SIT

$19,000

$25,000

Box 12 - D

After-tax Roth 401(k)

Nothing - Fully Taxable

$19,000***

$25,000***

Box 12 - AA

Simple IRA

FIT & SIT

$13,000

$16,000

Box 12 - S

403(b)/ TSA

FIT & SIT

$19,000

$25,000*

Box 12 - E

After-tax Roth 403(b)

Nothing - Fully Taxable

$19,000***

$25,000*

Box 12 - BB

408(k)(6) / SEP IRA

FIT & SIT

$19,000

$25,000

Box 12 - F

457(b)

FIT & SIT

$19,500

$25,000**

Box 12 - G

Roth 457(b)

Nothing - Fully Taxable

$19,000***

$25,000**

Box 12 - EE

501(c)(18)(D)

FIT & SIT

$7,000

N/A

Box 12 - H

* There is a special catch-up election for employees who have completed at least 15 years of service with a qualified organization. Such employees are able to contribute an additional $3,000 annually, which brings the limit to $22,000 (<50) or $28,000.00. (>50). See Retirement Plans FAQs regarding 403(b) Tax-Sheltered Annuity Plans for additional details.
** Special rules may apply depending on the type of entity and how close the employee is to retirement.
*** IRS rules indicate a Roth 401(k) shares the annual limit with a 401(k) plan. A Roth 403(b) shares the annual limit with a 403(b).

* There is a special catch-up election for employees who have completed at least 15 years of service with a qualified organization. Such employees are able to contribute an additional $3,000 annually, which brings the limit to $21,500 (<50) or $27,500.00. (>50).
** Special rules may apply depending on the type of entity and how close the employee is to retirement.
*** IRS rules indicate a Roth 401(k) shares the annual limit with a 401(k) plan. A Roth 403(b) shares the annual limit with a 403(b).IRS Announces 2018 Pension Plan Limitations

2015, 2016, & 2017

*2015 - 2017*

Deferred Compensation Chart

Type

Exempt From ****

Limit <50 Years

Limit >50 Years

W-2 Box Code

401(k)

FIT & SIT

$18,000

$24,000

Box 12 - D

After-tax Roth 401(k)

Nothing - Fully Taxable

$18,000***

$24,000***

Box 12 - AA

Simple IRA

FIT & SIT

$12,500

$15,500

Box 12 - S

403(b)/ TSA

FIT & SIT

$18,000

$24,000*

Box 12 - E

After-tax Roth 403(b)

Nothing - Fully Taxable

$18,000***

$24,000*

Box 12 - BB

408(k)(6) / SEP IRA

FIT & SIT

$18,000

$24,000

Box 12 - F

457(b)

FIT & SIT

$18,000

$24,000**

Box 12 - G

Roth 457(b)

Nothing - Fully Taxable

$18,000***

$24,000**

Box 12 - EE

501(c)(18)(D)

FIT & SIT

$7,000

N/A

Box 12 - H

* There is a special catch-up election for employees who have completed at least 15 years of service with a qualified organization. Such employees are able to contribute an additional $3,000 annually, which brings the limit to $21,000 (<50) or $27,000.00. (>50).
** Special rules may apply depending on the type of entity and how close the employee is to retirement.
*** IRS rules indicate a Roth 401(k) shares the annual limit with a 401(k) plan. A Roth 403(b) shares the annual limit with a 403(b).